Bailout Program for Failed Louisiana Insurers Wants $600M to Cover Losses

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Faced with a massive and growing backlog of unpaid claims left by failed insurance companies, a state-chartered bailout program that ensures policyholders are not taken advantage of wants to borrow $600 million by selling bonds to banks and investors. The Louisiana Insurance Guaranty Association, or LIGA, will seek State Bond Commission approval for its plan… Continue reading Bailout Program for Failed Louisiana Insurers Wants $600M to Cover Losses